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Hell yes get that.
Refurb is usually a good deal. Full warranty like new, minus new cost.
Warranty is only 90 days.
ETA: I already have one otw, posted earlier.
I am talking about getting Apple Care on it.
Check out SquareTrade Warranties
Link. Better warranty than anything out there since it will replace against accidental damage. My next iOS devices will get them.
If something happens it's still $150 with their deal.
Ok so get Applecare for $70 and be hung out to dry for the full price of the device when you drop it in water.
Are you really that cheap to not spend an extra $30 to get full coverage on a refurbished unit that has a 90 day warranty?
ETA: I've had my dealings with Applecare on 2 different occasions and they will look for any possible reason to deny a hardware/software claim. I was given a refurbished 3G when my original 3G's silent switch on the side broke off. Two months later I was transferring files and when I touched the outside I got shocked hardcore. After going in circles with Applecare they finally let me take it into a store for replacement. On the phone I could tell they were convinced that I had dropped it in water or something to cause the damage and therefore the electrical shock.
When I took it into the apple store the techs took about 20 mins taking the phone apart trying to find fault with me so they could deny the claim. Of course they found nothing because I was telling the truth and they replaced the phone.
My point is do you really want to dick with Applecare when there's a better option out there for a marginal increase in price?